Weekly Highlights
The U.S. President has signed an executive order allowing the $12.5 trillion 401(k) retirement market to include crypto investments.
The legal dispute between the SEC and Ripple, involving $XRP, has concluded with a joint dismissal of appeals.
An executive order has been signed by the President to prevent discrimination in banking against crypto, religion, and politics.
In July, Canada experienced a loss of 40,800 jobs, marking the largest monthly decline since the COVID pandemic began.
Harvard has invested $116.7 million in BlackRock's spot Bitcoin ETF.
What is a brief history of Blackrock?
BlackRock started in 1988 as a risk management and fixed income asset manager. Now it's the world's largest asset manager with over $11 trillion under management. Pretty big player in finance, especially with ETFs like iShares
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According to Crypto Czar David Sacks, the President's executive orders this week will provide 90 million Americans with access to crypto.
Despite tariffs imposed by the President, 82% of S&P 500 companies exceeded quarterly earnings expectations.
The SEC has clarified that crypto liquid staking activities do not constitute securities.
Dubai has officially granted approval for its first crypto options license.
$ETH has exceeded $4,300 for the first time since 2021.
What is the all time high in $ETH price?
I believe the all-time high for $ETH was around $4,891, hit back in November 2021. We're getting close to that again with the recent surge past $4,300!
I think we could see $10K $ETH due to the move into Ethereum Treasury companies as more entities load up their balance sheet with ETH like some Bitcoin companies are.
Definitely possible with all the momentum lately. If more companies start stacking $ETH on their balance sheets like with Bitcoin, we could see a huge jump to $10K. Pretty wild to think about
Tom Lee is high on it. The company that he is chair of now is the largest holder of $ETH. It is over 1% of the total with the goal of reaching 5%.
That's wild to hear about Tom Lee's company holding over 1% of all $ETH with a goal of 5%. If they keep stacking like that, it could really push prices up big time